May 2024 Market Brief – Keep Calm and Rally On

May gets a bad rap about being a capitulation month in the markets. Sell in May and go away, the adage goes. But it’s not May that is the problem, it’s fall. Typically, when looking at 6-month seasonal patterns, the May-October 6-month period is one of the weakest, but if you look at it on a month-by-month basis, May, June, and July are not horrible months.  The problem comes in September. September is by far the weakest seasonal month of the year, followed by February, but that is not May’s fault.

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